Revenue organic growth (at constant commodity prices):the Group defines revenue organic growth (at constant commodity prices) as the growth in revenue organic (at constant commodity prices) between the given and comparable year. The Company is expected to be converted into a public company with limited liability (naamloze vennootschap) and to be renamed to JDE Peet's N.V. immediately prior to settlement. AMSTERDAM (Reuters) – Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis. Assuming a 70% free cash flow conversion rate (according to IPO prospectus), JDE Peet’s has a Free Cash Flow Yield of 6.15%. Any decision to purchase Offer Shares in the Offer should be made solely on the basis of the Prospectus. This announcement is not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, in or into the United States, Canada, Australia, South Africa or Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The Group believes its medium- to long-term targets continue to be achievable.6. The Company's ability to achieve these financial targets is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company, and upon assumptions with respect to future business decisions that are subject to change. Adjusted EBIT: the Group defines Adjusted EBIT as operating profit, adjusted for the following factors: (i) enterprise resource planning (ERP) system implementation expenses, which represent costs to implement and upgrade to a new ERP system, including order, billing, payroll, and financial systems; (ii) transformation activities and corporate actions include costs from restructuring and organisational redesign projects, results arising from corporate actions and costs from strategic initiatives: (a) restructuring and organisational redesign costs arise from strategic projects that are related to business optimisation or cost-saving initiatives; (b) results arising from corporate actions related to activities that the Group does not consider to be part of its daily business operations; and (c) strategic initiatives are broken down and defined as the costs related to evaluating strategic alternatives, entering into new markets, or launching new strategic initiatives, or other business development costs, to the extent not considered by the Group as part of the normal operating costs of its business; (iii) share-based compensation, which is an operating expense the Group incurs and is a form of compensation; (iv) mark-to-market results consist of economic hedges of certain future risks related to the cost of goods sold; and (v) M&A/business combination results and intangible assets amortisation. Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Shares subject of the Offer have been subject to a product approval process, which has determined that such Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). In FY 2019, the Group generated total revenue of €6.9 billion, of which 79% was derived from 44 markets where it held a number one or number two market position in consumer packaged goods ("CPG") or Out-of-Home. The Offer will take place from 9:00 CET on Tuesday, 26 May 2020, until 14:00 CET on Tuesday, 2 June 2020, subject to acceleration or extension of the timetable for the Offer. This announcement may include statements, including the Company's financial and operational medium- to long-term term objectives that are, or may be deemed to be, 'forward-looking statements'. Thanks to the amazing work of our global teams, even during these unprecedented times, we look forward to the next phase of JDE Peet's growth as a global leader in coffee and tea". Listing of and first trading on an "as-if-and-when-issued/delivered" basis in the Ordinary Shares on Euronext Amsterdam are expected to commence on Wednesday, 3 June 2020. Each of the Company, the Selling Shareholders, the Underwriters and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. Quantum Partners LP and Palindrome Master Fund LP (funds managed by Soros Fund Management LLC); various funds and accounts under the management of Fidelity Management and Research ("FMR"); and JAB Holdings B.V. ("JAB Holdings") (together, the "Cornerstone Investors") have, subject to customary conditions, irrevocably agreed to purchase Offer Shares in the aggregate amount of €761 million at the final Offer price on the settlement date as part of the Offer. News of the offering brought high investor demand. JDE Peet's free float post IPO will therefore be 14.4% percent only. ("JAB") and other co-investors) and by Mondelez Coffee HoldCo B.V. ("Mondelez Coffee HoldCo", a subsidiary of Mondelez International, Inc. ("Mondelez International")) (together, the "Selling Shareholders"). The IPO was priced on Thursday 28 May, at a price that valued JDE Peet’s at approximately EUR 15.6 billion, and the company’s shares officially began trading on the Euronext Amsterdam the day after. 7 After the repayment of part of its outstanding debt with such net proceeds. At the date of the Prospectus, the Company is still a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) named JDE Peet's B.V.. JDE Peet’s raised 700 million euros through the sale of new shares in the IPO, which it plans to use to pay down debt. No action has been taken by the Company or the Selling Shareholders that would permit an offer of Shares or the possession or distribution of this announcement or any other offering or publicity material relating to such Shares in any jurisdiction where action for that purpose is required. JDE Peet's IPO values coffee maker at up to $17.5 billion May 26, 2020 . Despite the continued impact of COVID-19, the Group's current trading performance benefits from the fact that the CPG sales channel in developed markets represents the majority of its business and has continued to register strong growth year to date. Subject to acceleration or extension, the timetable below lists the expected key dates for the Offer: Investing in the Ordinary Shares involves certain risks. The bulk of JDE Peet’s business is in selling roasted coffee and prepackaged coffee pods and pads. �b����u�+i3��Nai_u���������U"������)T6c�*J+GW�s[��\I:�Dz�;��>��Xk�F��t����7���s;p����1��1�v@��>. Forward-looking statements may and often do differ materially from actual results. In addition, the Offer will include an over-allotment option of up to an additional 15% of the Offer Shares (the "Over-Allotment Option"). That represents a 16.5% stake in the company. The Group is the world’s largest pure-play coffee and tea group by revenue, serving approximately 130 billion cups of coffee and tea in the financial year ended 31 December (“FY”) 2019 in more than 100 developed and emerging countries. The Offer consists of a primary and a secondary component. JDE AND PEET’S COFFEE TO COMBINE AND EXPLORE IPO JDE PEET’S WILL BE A GLOBAL PURE PLAY COFFEE & TEA POWERHOUSE WITH HIGH GROWTH PORTFOLIO OF ICONIC BRANDS Amsterdam, The Netherlands, 17 December 2019 -- Jacobs Douwe Egberts (JDE) today announced it will combine with Peet’s Coffee and explore an IPO, creating a global leader in The coffee and tea categories have benefited in the past from attractive growth fundamentals and have proven to be resilient in times of economic downturn. This announcement is not for publication or distribution, directly or indirectly, in or into the United States. Start of Offer period on Tuesday, 26 May 2020 at 9:00 CET, End of Offer period on Tuesday, 2 June 2020 at 14:00 CET, Publication of results of the Offer and expected allocation on Wednesday, 3 June 2020, First trading date (trading on an "as-if-and-when-issued/delivered" basis) on Euronext Amsterdam on Wednesday, 3 June 2020, Settlement date (payment and delivery) on Friday, 5 June 2020. The Group has delivered strong growth and profitability, acting as a consolidator in the coffee and tea categories since 2013, through a combination of strategic mergers and acquisitions ("M&A") and organic growth. 2 packaged coffee maker, JDE Peet’s, set an indicative price range on Tuesday for its initial public offering that implies a market value of as much as 16 billion euros ($17.5 billion). Readers are cautioned not to place undue reliance on these financial targets. The Company has no intention to register any part of the Offer in the United States or make a public offering of securities in the United States. FN als Startseite. The Prospectus is available electronically on the corporate website of the Company (www.jdepeets.com). The Company expects the Offer and the Admission to create a new long-term shareholder base as well as liquidity for the existing and future shareholders. The IPO was priced on Thursday 28 May, at a price that valued JDE Peet’s at approximately EUR 15.6 billion, and the company’s shares officially began trading on the Euronext Amsterdam the day after. If you're looking to buy shares in JDE Peet's, the newest coffee company to go public, you might find it to be a difficult task. The Company believes that the Offer and the Admission are a natural next step in its development. 2 maker of packaged coffee, whose brands include Douwe Egberts, Peet's Coffee and Jacobs, were priced at 31.50 euros, valuing the firm at 15.6 billion euros. Mondelēz International Participates in JDE Peet’s IPO; Retains Significant Stake . JDE Peet’s free float post IPO will therefore be 14.4% percent only. %PDF-1.3 In particular, certain members of the global leadership team invest their own capital in the Group. The Offer consists solely of private placements to certain institutional investors in various jurisdictions, including the Netherlands. a leverage ratio below 3.0x by the end of the first half ("H1") of FY 2021. May 26, 2020. JDE Peet’s raised 700 million euros through the sale of new shares in the IPO, which it plans to use to pay down debt. AMSTERDAM (Reuters) – The world’s No. << /Length 5 0 R /Filter /FlateDecode >> JDE Peet's initial public offering drew strong investor interest as books opened on Tuesday, in an early indication of robust demand for an issue that aims to raise 2.3 billion euros and revive a moribund IPO market. The Group's trading has thus far been relatively resilient during the COVID-19 pandemic at a time of global economic turmoil. Coffee company JDE Peet’s will announce as early as Tuesday its intention to float on the Euronext stock exchange in Amsterdam in a deal that could raise up to 2 billion euros ($2.2 billion). JDE Peet’s offering has raised hopes that the European IPO market, expected to be shut for the better part of the year amid the pandemic, could reopen earlier than initially expected. The total number of: (i) the Existing Offer Shares (excluding any Over-Allotment Shares, as defined below) will raise gross proceeds of up to approximately €1.55 billion; and (ii) the Offer Shares (excluding any Over-Allotment Shares) will raise gross proceeds of up to approximately €2.25 billion. The Company believes that the Offer will strengthen its financial position by enabling it to repay part of its outstanding debt. Here’s what we know… JDE Peet’s Coffee IPO: The Business. The Company intends to use the expected net proceeds of the issue of the New Offer Shares to repay part of its outstanding debt in order to further strengthen its balance sheet (leverage ratio estimated to be around 3.6x on the settlement date). The Company has not authorised any offer to the public of Shares in any Member State of the European Economic Area or the United Kingdom. Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it. Up to 25,833,333 existing Ordinary Shares will be offered by Acorn Holdings and up to 25,833,333 existing Ordinary Shares will be offered by Mondelez Coffee HoldCo (together, the "Existing Offer Shares" and together with the New Offer Shares, the "Offer Shares"). At the date of the Prospectus, the Company will still be a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) named JDE Peet's B.V. The offering of Peet’s stock could be the biggest of the year, looking to raise $2.5 billion. "Mondelez International values its investment in JDE Peet's and the company's long-standing tradition of innovation and value creation. JDE Peet's B.V. (the "Company", and together with its consolidated subsidiaries, the "Group"), the world's largest pure-play coffee and tea group by revenue, today announced the indicative price range and publication of the prospectus (the "Prospectus") for the offering (the "Offer") and admission to listing and trading of its ordinary shares (the "Ordinary Shares") on Euronext Amsterdam (the "Admission"). The Company is targeting a leverage ratio below 3.0x by the end of H1 2021. Singapore SFA Product Classification:In connection with Section 309B of the Securities and Futures Act (Chapter 289) of Singapore (the SFA) and the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore (the CMP Regulations 2018), the Company has determined, and hereby notifies all relevant persons (as defined in Section 309A(1) of the SFA), that the Offer Shares are 'prescribed capital markets products' (as defined in the CMP Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products). The exploration of an IPO is a key milestone in the partnership between Acorn Holdings B.V. (which includes controlling shareholder JAB and BDT Capital) and Mondelez International. Shares in coffee maker JDE Peet's surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis. 0001193125-20-294736.xls. 0001193125-20-298626.pdf. 0001193125-20-298626.rtf. IR@JDEPeets.com . JDE Peet’s IPO: Global Coffee Company to Offer Stock. Current Reports. It took just three days to sell shares in JDE Peet’s in the second-largest IPO of the year world-wide to date. Shares in coffee maker JDE Peet's surged 15% in their stock market debut in Amsterdam today as investors jumped on the only big European IPO launched during the coronavirus crisis. We are supportive of the IPO process as this will create a public mark for the company and its broad global portfolio of brands and offerings" added Dirk Van de Put, Chairman and Chief Executive Officer of Mondelez International. Existing shareholders Acorn, controlled by German investor JAB Holding, and Mondelez, sold an additional 1.55 billion euros worth of stock, for a total of 2.25 billion euros. The primary component comprises €700 million, representing a maximum of 23,333,333 newly issued Ordinary Shares (the "New Offer Shares") based on the bottom end of the Offer Price Range. 6 Based on assumptions described in the Prospectus. On 19 May, JDE Peet's announced its intention to launch an initial public offering (IPO) and to list on the Amsterdam Stock Exchange. The Offer is being made only by means of the Prospectus as approved by the AFM. Teamviewer priced its IPO at EUR 26.25 per share, with Permira funds selling a 42% stake in the company. Peet’s Coffee is the second-largest packaged distributor in the world. Adjusted net debt: the Group defines Adjusted net debt as total borrowings less cash and cash equivalents, excluding cash not at the free disposal of the Group, and borrowings from related parties. 11/16/2020 : 6-K: Report of foreign issuer rules 13a-16 and 15d-16 of the Securities Exchange Act. It set an indicative price range of 30-32.25 euros per share, implying a market value of 14.9 billion-16.0 billion euros, with trading due to begin on June 3. Douwe Egberts was first floated in 2012 by then owner Sara Lee but taken off the market by JAB a year later. 0001193125-20-298626.xls. It took just three days to sell shares in JDE Peet’s in the second-largest IPO of the year world-wide to date. Through its more than 50 leading global, regional and local coffee and tea brands, the Group offers an extensive range of high-quality and innovative coffee and tea products and solutions to serve consumer needs across markets, consumer preferences and price points. The Group has a track record of growing its sales and market penetration in its coffee and tea categories by combining its strong innovation capabilities, trusted portfolio of brands and broad go-to-market access. For the purpose of this paragraph, the expression "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the Offer and the Shares to be offered so as to enable the investor to decide to purchase or subscribe for the Shares and the expression "Prospectus Regulation" means Regulation (EU) 2017/1129 and includes any relevant delegated regulations. While working through the significant effects of the current crisis, the Group has since 31 December 2019 traded in line with management's expectations and the Group believes its medium- to long-term targets continue to be achievable. The Offer consists of a primary and a secondary component. Leverage ratio: the Group defines the leverage ratio as net debt divided by Adjusted EBITDA. The Admission also aims to permit the Group to incentivise existing and future management team and senior staff, and to continue to attract high caliber individuals to join its management team in the future, by way of awards of listed Ordinary Shares, aligning their interests with the interests of shareholders. Assuming a final offer price at the bottom of the Offer Price Range and the maximum number of Offer Shares, the Cornerstone Investments comprise an aggregate of: (i) 25,366,666 Ordinary Shares; and (ii) approximately 5% of the total issued share capital of the Company immediately following settlement, whether or not the Over-Allotment Option is exercised in full. JDE argued in its prospectus, published just two days ago,, that demand for coffee has remained resilient. Banco Santander, S.A., BofA Securities (Merrill Lynch International), Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Deutsche Bank Aktiengesellschaft, HSBC Bank plc, ING Bank N.V., MUFG Securities EMEA plc and UniCredit Bank AG, together with the Joint Global Coordinators, are acting as joint bookrunners for the Offer (the "Joint Bookrunners"). 2 After the repayment of part of its outstanding debt with such net proceeds. The Underwriters are acting exclusively for the Company and/or the Selling Shareholders and no one else in connection with any offering of Shares. The Over-Allotment Option consists of up to 3,499,999 additional Ordinary Shares provided by the Company, up to 3,875,000 additional Ordinary Shares provided by Acorn Holdings and up to 3,875,000 additional Ordinary Shares provided by Mondelez Coffee HoldCo (together, the "Over-Allotment Shares"). This electronic disclaimer applies to the prospectus dated 26 May 2020 (the Prospectus) issued by JDE Peet's B.V. (to be renamed JDE Peet's N.V. immediately prior to settlement) (the Company). There will be no public offering in any jurisdiction. In addition, the Group generated free cash flow of €0.7 billion in FY 2017, €1.0 billion in FY 2018 and €1.2 billion in FY 2019 enabling it to de-lever its balance sheet while funding its M&A strategy. In addition, each of the Underwriters and any of their affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which each of the Underwriters and any of their affiliates may from time to time acquire, hold or dispose of Shares. That represents a 16.5% stake in the company. The press release is available on the corporate website of the Company (www.jdepeets.com). JDE aims to raise around 2.25 billion euros in total from the issue on Euronext Amsterdam, according to its prospectus. Other. Shares in the world's No. Mondelēz International will retain two seats on the board of JDE Peet’s, which has a portfolio of more than 50 brands, including Peet's, Jacobs, L’Or, Senseo, Tassimo and Ti Ora. According to its prospectus, JDE Peet’s had 6.95 billion euros in revenue in 2019, up from 6.53 billion euros only two years earlier. Toby Sterling. Revenue organic (at constant commodity prices): the Group defines revenue organic (at constant commodity prices) as like-for-like sales adjusted for the price impact of inflation and/or deflation of green coffee and tea commodity prices. Previous IPO we discussed was TeamViewer AG which started trading on September 25 th, 2019. JAB is committed to a majority ownership in the Company for the long-term. Notwithstanding the Target Market Assessment, "distributors" (for the purposes of the MiFID II Product Governance Requirements) should note that: the price of the Shares may decline and investors could lose all or part of their investment; the Shares offer no guaranteed income and no capital protection; and an investment in the Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. Any offerings of shares will only be made after an IPO prospectus has been published that has been approved by the competent regulator. As a result, the Shares may only be offered in Relevant States: (i) to any legal entity which is a qualified investor as defined in the Prospectus Regulation; or (ii) in any other circumstances falling within Article 1(4) of the Prospectus Regulation. For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Shares. The Admission will further provide the Company with access to capital markets, which it may use to support further growth of the Group and to finance strategic M&A transactions, as they become available. As a result, the Company's actual results will vary from these financial targets, and those variations may be material. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. 11/20/2020: SC 13D/A: An amendment to a SC 13D filing. The Offer Shares will represent a maximum of approximately 15% of the issued share capital of the Company excluding exercise of the Over-Allotment Option. As part of preparing for the IPO, Peet’s Coffee Chief Executive Officer Casey Keller will become CEO of JDE Peet’s, effective January 2020. Telemedizin-Hot Stock: Der "Milliardenmacher" hat zugeschlagen! JAB is a leading investor in consumer goods and services overseeing more than US$100 billion of assets under management, focused on long-term value creation through the building of global champions and challengers. An amendment to a SC 13D filing the home into the United States allocation, the Group has a,! 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